# iShares USD Floating Rate Bond UCITS ETF USD (FLOA) **Source:** https://fundology.uk/fund/floa · ISIN IE00BDFGJ627 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, FLOA (iShares USD Floating Rate Bond UCITS ETF USD, ISIN IE00BDFGJ627) closed at $6.65 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +26.2%, or −1.4% after UK CPIH inflation. ## Summary iShares USD Floating Rate Bond UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the Bloomberg US Floating Rate Notes (<5 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **$6.65** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FLOA | | ISIN | IE00BDFGJ627 | | Category | Cash-like & short-term | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg US Floating Rate Notes (<5 Y) | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £2.4bn | | Launched | 2018 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +5.65% | +2.33% | income reinvested | | 3 years | +8.06% | -2.49% | income reinvested | | 5 years | +26.16% | -1.38% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 +13.6%, 2023 +0.8%, 2024 +7.6%, 2025 −2.3%; 2026 to 30/09/2026 +5.0%. Returns of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +5.1%; to 30/09/2025: +5.4%; to 30/09/2024: −2.4%; to 30/09/2023: −4.0%; to 30/09/2022: +23.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +13.6% | +4.0% | Price | | 2023 | +0.8% | -3.2% | Price | | 2024 | +7.6% | +4.0% | Price | | 2025 | -2.3% | -5.6% | Price | | 2026 to 30/09/2026 | +5.0% | +2.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.73% | -4.11% | | 3 years | 6.27% | -9.26% | | 5 years | 7.72% | -11.70% | ## Largest fall Volatility of iShares USD Floating Rate Bond UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 5.7% over 1 year, 6.3% over 3 years, 7.7% over 5 years. Largest fall in the price of iShares USD Floating Rate Bond UCITS ETF USD since October 2021, in pounds: −11.7% from 23/09/2022 to 14/07/2023. The lowest 12-month return of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −5.2% (12 months to 30/01/2026); the highest was +24.5% (12 months to 21/10/2022). On 30/09/2026 the price of iShares USD Floating Rate Bond UCITS ETF USD was 0.7% below its highest weekly close since October 2021 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Floating Rate Bond UCITS ETF USD 0.10% a year, as of 01/10/2026: 10 of the 30 other cash-like and short-term funds charge more, 13 the same and 7 less (share classes counted once). ## Funds tracking the same index 4 funds track Bloomberg US Floating Rate Notes (<5 Y), this one included and share classes counted once; their ongoing charges range from 0.10% to 0.15% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 0.12% | +4.3% | +16.7% | +22.6% | | iShares USD Floating Rate Bond UCITS ETF Accum Hedged MXN | 0.15% | — | — | — | | iShares USD Floating Rate Bond UCITS ETF Unhedged USD | 0.10% | +6.0% | +8.0% | +27.5% | | iShares USD Floating Rate Bond UCITS ETF USD (this fund) | 0.10% | +5.6% | +8.1% | +26.2% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | Inter-American Development Bank Mtn | 3.80% | | International Bank for Reconstruct Mtn | 3.67% | | European Bank for Reconstruction A Mtn | 3.12% | | International Bank for Reconstruct | 2.82% | | Australia and New Zealand Banking Mtn 144A | 2.02% | | Kommunalbanken As Mtn 144A | 1.69% | | National Australia Bank | 1.64% | | International Finance Corp Mtn | 1.58% | | Hyundai Capital America Mtn 144A | 1.56% | | Asian Development Bank Mtn | 1.53% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by iShares, as of 29/09/2026. | Sector | Weight | |---|---| | Banking | 46.5% | | Supranational | 19.5% | | Consumer Cyclical | 8.7% | | Owned No Guarantee | 6.0% | | Insurance | 4.5% | | Capital Goods | 3.1% | | Health Care | 2.7% | | Cash and derivatives | 1.4% | | Other sectors | 7.5% | ### By country As published by iShares, as of 29/09/2026. | Country | Weight | |---|---| | United States | 35.6% | | Supranational | 19.5% | | Australia | 7.6% | | Canada | 5.8% | | United Kingdom | 5.0% | | Japan | 4.9% | | South Korea | 3.8% | | Germany | 2.7% | | Other countries | 15.1% | ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Bonds | 98.6% | | Cash and money market | 1.5% | All 274 holdings: https://fundology.uk/fund/floa/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.